Nonprofit · EIN 86-2938689
PROJECT EQUITY
Tax-exempt · OAKLAND, CA 94601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 (amended) | $8,254,336 | $1,901,872 | $6,352,464 | $15,756,924 | $6,139,344 | $9,617,580 |
| March 31, 2024 | 990 | $241,700 | $220,376 | $21,324 | $4,927,054 | $2,380,341 | $2,546,713 |
| March 31, 2023 | 990 | $1,764,799 | $71,001 | $1,693,798 | $4,810,090 | $2,114,480 | $2,695,610 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $7,867,551
- of which government grants
- $2,562
- Program service revenue
- $164,390
- Investment income
- $198,712
- Other revenue
- $23,683
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $106,749
- Other salaries and wages
- $682,680
- Salaries, compensation and benefits (total)
- $1,005,701
- Professional fundraising fees
- $0
- Occupancy
- $8,617
- Travel
- $15,230
- Program services (functional)
- $1,535,583
- Management and general (functional)
- $158,205
- Fundraising (functional)
- $208,084
Balance sheet and other
- Total assets, start of year
- $4,927,054
- Total assets, end of year
- $15,756,924
- Total liabilities, end of year
- $6,139,344
- Net assets, end of year
- $9,617,580
- Land, buildings and equipment
- $14,698
- Net assets without donor restrictions
- $5,501,359
- Net assets with donor restrictions
- $4,116,221
- Gross receipts
- $8,254,336
- Employees
- 30
- Year formed
- 2021
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EVAN EDWARDS | PRESIDENT CEO Trustee or director, Officer | 40 | $71,493 | $1,744 |
| JASON EBY | SECRETARY COS Trustee or director | 40 | $32,764 | $748 |
| ERIC WEAVER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES ALVA | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC WEAVER | DIRECTOR Trustee or director | 1 | $0 |
| JAMES ALVA | DIRECTOR Trustee or director | 1 | $0 |
| ALISON LINGANE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| EVAN EDWARDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| HILARY ABELL | SECRETARY Officer | 1 | $0 |
990 for the year ended March 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC WEAVER | DIRECTOR Trustee or director | 1 | $0 |
| EVAN EDWARDS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ALISON LINGANE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| HILARY ABELL | SECRETARY Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2648 INTERNATIONAL BLVD STE 301, OAKLAND, CA 94601-1580
- In care of
- % EVAN EDWARDS
- Principal officer (990 for 2024)
- EVAN EDWARDS, 2648 INTERNATIONAL BLVD STE 301 STE, Oakland, CA 94601
- Signed the 990
- EVAN EDWARDS, CEO
- Phone
- (510) 380-6300
- Website
- PROJECT-EQUITY.ORG
- Return prepared by
- GRUBER AND LOPEZ INC
California records
California keeps its own records of charities and corporations. Search them by EIN 86-2938689 or by the name PROJECT EQUITY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROJECT EQUITY IS A NATIONAL LEADER IN THE MOVEMENT TO HARNESS EMPLOYEE OWNERSHIP TO MAINTAIN THRIVING LOCAL BUSINESS COMMUNITIES, HONOR SELLING OWNERS LEGACIES, AND ADDRESS INCOME AND WEALTH INEQUALITY.
Program accomplishments
- PROJECT EQUITY WORKS WITH PARTNERS AROUND THE COUNTRY TO RAISE AWARENESS ABOUT EMPLOYEE OWNERSHIP AS AN EXIT STARTEGY FOR BUSINESS OWNERS, AND AS AN IMPORTANT APPROACH FOR INCREASING EMPLOYEE ENAGAGEMENT AND WELL BEING. WE ALSO PROVIDE HANDS ON CONSULTING, SUPPORT AND FINANCING TO COMPANIES THAT WANT TO TRANSITION TO EMPLOYEE OWNERSHIP, AS WELL AS, TO THE NEW EMPLOYEE-OWNERS TO ENSURE THEY AND THEIR BUSINESS THRIVE AFTER TRANSITION.Expenses $1,535,583 · revenue $7,613,666
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2938689
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $15,756,924
- Income (IRS master file)
- $8,254,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $8,254,336 | $1,901,872 | $15,756,924 | XML |
| 990 | March 2024 | $241,700 | $220,376 | $4,927,054 | XML |
| 990 | March 2023 | $1,764,799 | $71,001 | $4,810,090 | XML |
| 990 | March 2022 | $1,187,007 | $13,462 | $1,709,037 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2938689).
Questions about PROJECT EQUITY
- What is the EIN of PROJECT EQUITY?
- The employer identification number (EIN) of PROJECT EQUITY is 86-2938689.
- Is PROJECT EQUITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to PROJECT EQUITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT EQUITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROJECT EQUITY due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT EQUITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of PROJECT EQUITY?
- The 990 for the year ended March 31, 2025 names EVAN EDWARDS.
- Who are the officers and directors of PROJECT EQUITY?
- The 990 for the year ended March 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $71,493 (EVAN EDWARDS, PRESIDENT CEO).
- How much revenue does PROJECT EQUITY have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $8,254,336, expenses of $1,901,872 and total assets of $15,756,924 at year end.
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All nonprofits in OAKLAND · California · Community improvement and capacity building